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Article: MBF Launches Managed Care Biz.(News)
- Article from:
- Mergers & Acquisitions Report
- Article date:
- September 28, 2009
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Byline: Avram Davis
MBF Healthcare Partners, LP, a Coral Gables, Florida-based private equity firm, has launched a managed care platform company. MBF will invest $100 million into the portfolio company, Simply Healthcare Plans.
In speaking with MergersUnleashed, Miguel Fernandez, chairman of MBF, said the new managed care platform company will focus on Medicaid services. Fernandez said, "We believe with health care reform where it is right now, it is a good time to get involved."
In discussing the transaction, Fernandez also commented on several listed companies that have entered the Medicaid space since 1995. He said many of these companies are ...